Flex Ltd. $FLEX Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd lowered its position in shares of Flex Ltd. (NASDAQ:FLEX) by 8.4% in the second quarter, HoldingsChannel.com reports. The firm owned 13,303 shares of the technology company’s stock after selling 1,218 shares during the quarter. Bayforest Capital Ltd’s holdings in Flex were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Flex in the first quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in Flex in the first quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new position in Flex in the first quarter valued at $26,000. Concord Wealth Partners purchased a new stake in shares of Flex in the second quarter valued at about $28,000. Finally, CX Institutional purchased a new stake in shares of Flex in the first quarter valued at about $29,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Flex Trading Up 4.0%

Shares of Flex stock opened at $58.83 on Tuesday. Flex Ltd. has a 12-month low of $25.11 and a 12-month high of $60.05. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The stock has a market cap of $22.08 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. The company has a 50-day moving average of $54.83 and a two-hundred day moving average of $46.53.

Flex (NASDAQ:FLEX) last issued its earnings results on Thursday, July 24th. The technology company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.09. Flex had a net margin of 3.42% and a return on equity of 20.25%. The company had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Flex has set its FY 2026 guidance at 2.860-3.060 EPS. Q2 2026 guidance at 0.700-0.780 EPS. On average, research analysts anticipate that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FLEX has been the subject of a number of research reports. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upped their target price on shares of Flex from $44.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. KeyCorp upped their target price on shares of Flex from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday. KGI Securities cut shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, Barclays increased their price target on shares of Flex from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.71.

Insiders Place Their Bets

In other news, Director Erin Mcsweeney sold 10,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $51.47, for a total value of $514,700.00. Following the sale, the director directly owned 17,012 shares in the company, valued at $875,607.64. This represents a 37.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kwang Hooi Tan sold 12,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $50.25, for a total transaction of $628,125.00. Following the completion of the sale, the chief operating officer owned 263,636 shares in the company, valued at $13,247,709. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,020 shares of company stock valued at $4,923,667. Corporate insiders own 0.57% of the company’s stock.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.